City-Related Bills Filed

OTHER FINANCE/ADMINISTRATION BILLS

S.J.R. 1 (Williams) – State Infrastructure Fund: would: (1) establish a special revolving fund in the state treasury called the state water implementation fund to be used only to fund water infrastructure projects included in the State Water Plan; (2) provide that the legislature by general law may provide for the assets of the state water implementation fund for Texas to be invested separately from the investment of other treasury assets and funds; (3) provide that, on November 30, 2013, the amount of $2.5 billion is transferred from the economic stabilization fund (the state’s “rainy day fund”) to the credit of the state water implementation fund; (4) establish a state infrastructure fund to be administered by the Texas Transportation Commission to provide: (a) loans to political subdivisions for projects related to economic development infrastructure; or (b) credit enhancement to political subdivisions and other governmental entities for projects related to economic development infrastructure; (5) provide that money or other assets in the fund shall be invested separately from the investment of other treasury assets and funds; (6) provide that the legislature by general law shall prescribe the manner in which the assets of the fund may be used, except that money in the fund may not be used for passenger rail projects; and (7) provide that, on November 30, 2013, the amount of $3.5 billion is transferred from the economic stabilization fund to the credit of the fund.

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